Traditional income statements organize costs by
A) function.
B) behaviour.
C) discretionary vs. committed.
D) revenues less discretionary expenses.

Question

Quizplus · Accepted Answer

Traditional income statements organize costs by function, such as cost of goods sold, marketing and selling expenses, and administrative expenses. This grouping provides insights into the different areas of a business that incur costs and helps identify areas where cost reductions can be made.

Traditional Income Statements Organize Costs by